https://www.taxtmi.com/caselaws?id=413347 The Tribunal upheld the CIT(A)'s decision, allowing the payment of Rs. 4,50,00,000 as a deductible business expense. The expenditure for technology and research & development services was deemed genuine and necessary for business operations, qualifying as revenue expenditure. The Tribunal emphasized the sufficiency of evidence provided by the assessee to substantiate the expenditure, dismissing the revenue's appeal. en-us Wed, 29 Sep 2021 00:00:00 +0530 Sat, 09 Oct 2021 08:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413347 The Tribunal upheld the CIT(A)'s decision, allowing the payment of Rs. 4,50,00,000 as a deductible business expense. The expenditure for technology and research & development services was deemed genuine and necessary for business operations, qualifying as revenue expenditure. The Tribunal emphasized the sufficiency of evidence provided by the assessee to substantiate the expenditure, dismissing the revenue's appeal. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413347